River Town Heights INC

Tax-deductible

Shoreview, MN501(c)(3)HousingEIN 39-1524307Revenue $225K in FY2024

On file with the IRS3530 Lexington Avenue North, 55126-8166 · Shoreview, MNTax-exempt since Jul 1986Publicly supported — 509(a)(2)

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To provide low-income housing for elderly and disabled persons.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $26K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$167K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
+194% vs prior year
Spent
$193K
To programs
62%
Net assets
$205K
By yearFY2020–FY2024
Revenue
$225K
FY2024▲ +194%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$276K
FY2022$277K
FY2023$286K
FY2023$76K
FY2024$225K
Expenses
$193K
FY2024▲ +204%
Tap a bar for its year
Expenses by fiscal year
FY2020$237K
FY2021$251K
FY2022$277K
FY2023$250K
FY2023$63K
FY2024$193K
Net assets
$205K
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$97K
FY2021$123K
FY2022$122K
FY2023$158K
FY2023$171K
FY2024$205K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $119K Management & general 38% · $74K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President and CEO
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See River Town Heights INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable housing for seniors and people with disabilities.

Questions for River Town Heights INC

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Provided by the organization

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1 program · $119K · in their own filed words · FY2024
01

River town heights, inc. Operates a 25 unit housing complex in ST croix fall, wi, to provide affordable housing to low-income qualified senior citizens, ages 62 and older, through the hud-sponsored program.

$119Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Fees for servicesLn 2g$225K
Investment incomeLn 3$28
Money outPt IX
$193K
Ln 25
Programscol B$119K
Managementcol C$74K
Owns and owesPt X
$205K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$372K
LiabilitiesLn 26$167K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$225K
Investment incomeLn 3$28
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Land, buildings, equipmentLn 10c$287K
Other assetsLn 15$71K
Total assetsLn 16$372K
LiabilitiesLn 26$167K
Net assetsLn 32$205K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$6K$12K
Land, buildings, equipmentLn 10c$318K$287K
Total assetsLn 16$399K$372K
LiabilitiesLn 26$228K$167K
Net assetsLn 32$171K$205K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$15K$34K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$5K$5K$288
Payroll taxesLn 10$4K$1K$3K
Management feesLn 11a$11K$11K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$3K$3K$61
Advertising and promotionLn 12$814$814
Office expensesLn 13$4K$3K$355
Information technologyLn 14$2K$2K$191
OccupancyLn 16$52K$47K$5K
TravelLn 17$372$372
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$2K$2K$19
Total functional expensesLn 25$193K$119K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $225K$193K$32K$205K 990 PDF
FY2023 $286K$250K$36K$158K 990 PDF
FY2022 $277K$277K−$645$122K 990 PDF
FY2021 $276K$251K$25K$123K 990 PDF
FY2020 $274K$237K$37K$97K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $224,666 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $76,313$224,638
I-10 Investment incomePrior year $9$28
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $76,322$224,666
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,743$60,397
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,533$132,260
I-18 Total expensesPrior year $63,276$192,657
I-19 Revenue less expensesPrior year $13,046$32,009
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $224,666 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $224,638$224,638
VIII-3 Investment incomeExcluded from tax $28$28
VIII-12 Total revenueRelated to mission $224,638 · Unrelated business $0 · Excluded from tax $28$224,666
Part IX · Statement of functional expenses $192,657 across 16 lines filed
IX-7 Other salaries and wagesPrograms $15,131 · Management $34,163$49,294
IX-8 Pension plan contributionsManagement $2,050$2,050
IX-9 Other employee benefitsPrograms $4,861 · Management $288$5,149
IX-10 Payroll taxesPrograms $1,127 · Management $2,777$3,904
IX-11a Management feesManagement $11,434$11,434
IX-11c Accounting feesManagement $16,429$16,429
IX-11g Other fees for servicesPrograms $2,678 · Management $61$2,739
IX-12 Advertising and promotionManagement $814$814
IX-13 Office expensesPrograms $3,174 · Management $355$3,529
IX-14 Information technologyPrograms $1,718 · Management $191$1,909
IX-16 OccupancyPrograms $46,537 · Management $5,171$51,708
IX-17 TravelPrograms $372$372
IX-20 InterestPrograms $11,903$11,903
IX-22 Depreciation, depletion and amortizationPrograms $23,560$23,560
IX-23 InsurancePrograms $5,595$5,595
IX-24 Other expenses (24a–d)Programs $2,249 · Management $19$2,268
IX-25 Total functional expensesPrograms $118,905 · Management $73,752 · Fundraising $0$192,657
Part X · Balance sheet $372,467 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,951$11,906
X-9 Prepaid expenses and deferred chargesStart of year $932$2,857
X-10c Land, buildings and equipment, netStart of year $317,969$286,575
X-15 Other assetsStart of year $74,032$71,129
X-16 Total assetsStart of year $398,884$372,467
X-17 Accounts payable and accrued expensesStart of year $9,566$6,888
X-26 Total liabilitiesStart of year $227,844$167,356
X-27 Net assets without donor restrictionsStart of year $171,040$205,111
X-32 Total net assets or fund balancesStart of year $171,040$205,111
X-33 Total liabilities and net assetsStart of year $398,884$372,467
Part XI · Reconciliation of net assets $205,111 net assets at year end
XI-1 Total revenue$224,666
XI-2 Total expenses$192,657
XI-3 Revenue less expenses$32,009
XI-4 Net assets at start of year$171,040
XI-8 Prior period adjustments$2,062
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$205,111

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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